The acquisition raises DDC's total corporate bitcoin treasury to 138 BTC worth $14.85 million.
DDC Enterprise (NYSE:DDC) increased its bitcoin holdings this week with a purchase of 38 BTC, the NYSE-listed Chinese company announced Thursday.
The acquisition brings DDC’s total corporate bitcoin treasury to 138 BTC worth $14.85 million. The company stated the purchase was made at an “optimized market entry” point, bringing its average cost per bitcoin to $78,582. This means they spent $10.84 million for the bitcoin cache.
The latest buy also resulted in a 22% yield increase compared to the company’s previous purchase, which was executed in late May.
“We are focused on a disciplined accumulation strategy with every purchase, aiming for higher bitcoin yield return for our shareholders,” said Norma Chu, DDC’s founder, chairwoman and CEO.
Chu continued: “Today’s 38 bitcoin acquisition proves our focused execution. With every bitcoin added, we strengthen shareholder exposure to digital scarcity.”
Following this purchase, that exposure now stands at 0.029679 bitcoin per 1,000 shares of DDC stock. The company further stated its “uncompromising” pursuit of becoming a top global corporate bitcoin treasury holder.
DDC trades on the NYSE American under the ticker symbol DDC. The goal is to stack 500 bitcoin by the end of the sixth month period which started in early May. Eventually, DDC hopes to hold a total of 5,000 bitcoin in reserves.
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